Buying a House in New Zealand
| New Zealand Real Estate Yes, you can purchase real estate in New Zealand. You will however need to apply for permanent residence. The rules for buying or selling New Zealand real estate are quite simple irrespective of location, and the good news is that in most transactions there is no taxon capital gains. Since property law varies from country to country, to protect your real estate interests it is often advisable for migrants to use an experienced property lawyer. This is not a legal obligation. Prices for homes in New Zealand vary considerably. The location and the neighbourhood are key factors in how much a property will sell for. Once you have acquired a good knowledge of the local market and are sure you have found what you want, buying a home can becompleted within three or four weeks. Generally you will deal with professionals offering the following services:
You may also need to arrange finance. This can be done by dealing directly with a bank or by using a Mortgage Broker (usually this is a free service).
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